Ripple Signs Five New Agreements With Banks And Payment Companies Cryptocurrency startup Ripple has announced that it has entered into agreements with five money transfer companies from four countries.

Ripple signs five new agreements with banks and payment companies

Cryptocurrency startup Ripple announced the conclusion agreements with five money transfer companies from four countries.

These include banks Itaú Unibanco from Brazil and IndusInd from India, as well as payment companies InstaReM from Singapore, Beetech from Brazil and Zip Remit from Canada.. They all intend to use solutions from Ripple for implementation transactions in real time.

Beetech and Zip Ramit will use the product entitled xVia to create international payment corridors, intended for individual clients, while IndusInd, InstaReM and Itaú Unibanco are going to use the xCurrent solution to transfer international transactions to financial institutions, according to a press release.

Beetech and Zip Remit plan to enter into an agreement with Chinese company LianLian, which also recently started using xCurrent.

InstaReM CEO Prajit Nanu said that this step will help Ripple itself, since the expansion of the startup's payment network should positively affect all its participants..

"Now RippleNet members will be able to conduct a large number of payments in Southeast Asia through the reliable InstaReM networks," he explained..

Ripple's head of business development Patrick Griffin noted that the new agreements will, among other things, increase the availability of payment services in developing countries..

“If a US teacher sends money to his family in Brazil or a small business owner in India is trying to move money to open a store in another country, it is imperative that the financial structures of the world be connected to payment system, which works for clients, not against them, ”he said.

Previously became known that Western Union is testing payments on the blockchain with the participation of Ripple.

Similar articles

• American Express uses the Ripple blockchain to make instant transfers between the UK and the US American Express has announced the opening of a payment corridor between the UK and the US using the RippleNet blockchain, which allows transactions in 9 seconds. The Spanish bank Santander is also involved in the project. Writes about this CoinDesk.

  American Express uses Ripple blockchain for implementation of instant transfers between UK and USA American American financial company...

• Nebulas has announced a strategic agreement with MoboTap, the developer of the Dolphin browser serving over 200 million users in 130 countries. Information about this was published on the startup blog.

  Nebulas concluded strategic agreement with the browser developer Dolphin Nebulas startup, engaged in creating a decentralized search engine...

• Omise and the Ministry of Informatization of Thailand will develop a digital identification system on the blockchain Omise, the developer of the OmiseGO project, has signed a protocol of understanding with the Ministry of Informatization of Thailand. The parties to the agreement intend to unite their efforts to create a national digital identification system and payment system. CCN writes about this with reference to the Electronic Transactions Development Agency (ETDA).

  Omise and ministry of informatization Thailand develop a system digital identification on the Omise blockchain, project developer OmiseGO, signed...

• Crypto-analytical startup Chainalysis has raised $ 30 million The startup Chainalysis, which analyzes cryptocurrency transactions, closed round B of fundraising at around $ 30 million, writes CoinDesk. The company intends to use the funds received to open a new office in London.

  Crypto analytics startup Chainalysis attracted $ 30 million Chainalysis startup, analyzing cryptocurrency transactions closed round B collection...

• It became known about a joint pilot program of Bank of America and Ripple The second largest bank in the United States, Bank of America, has been testing Ripple's distributed ledger technology and may have further plans in this direction.

  Has become aware of the joint pilot Bank of America program and Ripple Second largest US bank Bank of America tested technologies...